SiteOne Landscape Supply (NYSE:SITE) Shares Gap Down to $141.18

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $141.18, but opened at $135.00. SiteOne Landscape Supply shares last traded at $127.10, with a volume of 1,826 shares trading hands.

Analysts Set New Price Targets

SITE has been the topic of a number of recent research reports. UBS Group cut their target price on shares of SiteOne Landscape Supply from $165.00 to $152.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays cut their target price on shares of SiteOne Landscape Supply from $161.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Stifel Nicolaus initiated coverage on shares of SiteOne Landscape Supply in a report on Tuesday, July 12th. They issued a “hold” rating and a $105.00 target price on the stock. Robert W. Baird cut shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $129.00 target price on the stock. in a report on Thursday, July 14th. Finally, Royal Bank of Canada upgraded shares of SiteOne Landscape Supply from an “underperform” rating to a “sector perform” rating and lowered their price objective for the company from $128.00 to $118.00 in a research report on Wednesday, June 22nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $152.63.

SiteOne Landscape Supply Stock Down 0.8 %

The company has a market capitalization of $6.06 billion, a PE ratio of 23.49 and a beta of 1.35. The firm’s 50-day simple moving average is $125.53 and its 200 day simple moving average is $148.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 2.32.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last issued its earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 EPS for the quarter, topping the consensus estimate of $2.96 by $0.11. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 5.75 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black sold 9,530 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $119.13, for a total transaction of $1,135,308.90. Following the completion of the transaction, the chief executive officer now owns 512,599 shares of the company’s stock, valued at approximately $61,065,918.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of SiteOne Landscape Supply by 184.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 213 shares of the industrial products company’s stock worth $25,000 after buying an additional 138 shares during the last quarter. Bartlett & Co. LLC acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $25,000. Signaturefd LLC raised its stake in SiteOne Landscape Supply by 1,156.3% in the 1st quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Castle Wealth Management LLC acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $33,000. Finally, National Bank of Canada FI acquired a new position in SiteOne Landscape Supply in the 4th quarter valued at about $34,000.

SiteOne Landscape Supply Company Profile

(Get Rating)

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.

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